NOT LISTED FOR SALE

Estimated Value: $451,000 - $504,000

-- Bed
2 Baths
2,673 Sq Ft
$178/Sq Ft Est. Value

Last Sold July 31, 2024

Last sale price $465,000 $174 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,236/month

5 Days on Market

Highlights

  • Newly Remodeled
  • More Than Two Accessible Exits
  • 60+ Gallon Tank
  • Traditional Architecture
  • Central Heating and Cooling System
  • Property is in excellent condition

About This Home

As of July 2024

10% Cap Rate near Temple University! Gross monthly income $4,000. Tenants pay on time every month.
The duplex was built in 2010 with some new appliances and a maintained roof and HVAC. Unit A: 4 bed 2 full baths + backyard + finished basement - leased until July 2024. Unit B: 3 bed 1.5 baths - leased until July 2025. The property is well maintained and ready to cash flow. The property is self-managed by the owner. Landlords are retiring. This property is a perfect investment, and also great for househacking, Unit A can be available to live in by July 2025. Security cameras by Vector Security are installed and the property is fully equipped and ready to go.

Last Agent to Sell the Property

Amy Chen

Tesla Realty Group, LLC License #RS349131 Listed on: 06/21/2024

Tesla Realty Group, LLC

Last Buyer's Agent

Irvin Farmer

Diversified Realty Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,865

Year Built

  • Built in 2010 | Newly Remodeled

Lot Details

  • 1,301 Sq Ft Lot
  • Lot Dimensions are 16.00 x 81.00
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • 2,673 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Concrete Perimeter Foundation
  • Masonry

Finished Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Basement with some natural light

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Heating and Cooling System
  • 60+ Gallon Tank

Listing and Financial Details

  • The owner pays for common area maintenance, repairs, trash collection
  • Tax Lot 161
  • Assessor Parcel Number 321248300

Community Details

Overview

  • 2 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $2,500
  • Gross Income $48,000
  • Net Operating Income $45,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,865

Year Built

Built in 2010 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: Tenants' personal belongings and furniture.
  • Inclusions: All appliances shown in as-is condition.
  • New Construction: Yes
  • Year Built: 2010
  • Automatically Close On Close Date: Yes
  • Remarks Public: 10% Cap Rate near Temple University! Gross monthly income $4,000. Tenants pay on time every month. The duplex was built in 2010 with some new appliances and a maintained roof and HVAC. Unit A: 4 bed 2 full baths + backyard + finished basement - leased until July 2024. Unit B: 3 bed 1.5 baths - leased until July 2025. The property is well maintained and ready to cash flow. The property is self-managed by the owner. Landlords are retiring. This property is a perfect investment, and also great for househacking, Unit A can be available to live in by July 2025. Security cameras by Vector Security are installed and the property is fully equipped and ready to go.
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Daylight, Partial, Connecting Stairway, Fully Finished, Interior Access
  • Total Sq Ft: 2673
  • Living Area Sq Ft: 2673
  • Price Per Sq Ft: 168.35
  • Above Grade Finished Sq Ft: 2673
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1938

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Construction Completed: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: W50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 81.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1301.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Long Term
  • Owner Pays: Common Area Maintenance, Repairs, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 4000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 4315.00
  • Tax Annual Amount: 7865.00
  • Assessor Parcel Number: 321248300
  • Tax Lot: 161
  • Tax Total Finished Sq Ft: 2673
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/31/2024

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 2500.00
  • Other Units: Unit 1,Unit 2
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jul 19, 2024
Sold by
Chen Nancy and Chen Shu Hai
Bought by
Barnard Alle
Seller's Agent
Amy Chen
Tesla Realty Group, LLC
Buyer's Agent
Irvin Farmer
Diversified Realty Solutions
List Price
$450,000
Sold Price
$465,000
Premium/Discount to List
$15,000
3.33%
Views
3
Current Estimated Value
$474,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,548
Avg. Annual Appreciation
1.88%
Original Mortgage
$441,750
Outstanding Balance
$437,149
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$37,399

Purchase Details

Listed on
Apr 14, 2021
Closed on
Jun 16, 2021
Sold by
Tsaketas Irene
Bought by
Chen Nancy and Chen Shu Hai
Seller's Agent
Judy Mish
Mish Realty LLC
Buyer's Agent
Amy Chen
Tesla Realty Group, LLC
List Price
$458,000
Sold Price
$440,000
Premium/Discount to List
-$18,000
-3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.79%
Original Mortgage
$306,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2019
Closed on
Oct 28, 2019
Sold by
Andrew Li Realty Llc
Bought by
Tsaketas Irene
Seller's Agent
Karl Klotzbach
Coldwell Banker Realty
Buyer's Agent
Judy Mish
Mish Realty LLC
List Price
$455,000
Sold Price
$455,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.02%
Original Mortgage
$341,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2014
Sold by
Building Assets Inc
Bought by
Andrew Li Realty Pa Llc

Purchase Details

Closed on
Feb 8, 2008
Sold by
Muillins Nyland T and Estate Of Marcus Davis
Bought by
Building Assets Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Barnard Alle $465,000 Germantown Title
Chen Nancy $440,000 Go Abstract Services Llc
Tsaketas Irene $455,000 Alpert Abstract Llc
Andrew Li Realty Pa Llc $360,000 Title Services
Building Assets Inc $27,500 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnard Alle $441,750
Previous Owner Chen Nancy $306,500
Previous Owner Tsaketas Irene $341,250
Previous Owner Building Assets Inc $282,500
Previous Owner Building Assets Inc $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $465,000 +3.3% $174 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $450,000 +2.3% $168 / Sq Ft
06/21/2021 06/21/21 Sold $440,000 -3.9% $195 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $458,000 +0.7% $203 / Sq Ft
10/30/2019 10/30/19 Sold $455,000 0.0% $202 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
09/20/2019 09/20/19 Off Market $455,000 -- --
09/04/2019 09/04/19 For Sale $455,000 -- $202 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,865 $561,900 $112,300 $449,600
2024 $7,865 $561,900 $112,300 $449,600
2023 $7,865 $561,900 $112,300 $449,600
2022 $7,220 $561,900 $112,300 $449,600
2021 $7,220 $0 $0 $0
2020 $7,220 $515,800 $73,501 $442,299
2019 $6,979 $0 $0 $0
2018 $4,868 $0 $0 $0
2017 $903 $0 $0 $0
2016 $226 $0 $0 $0
2015 $205 $0 $0 $0
2014 -- $362,500 $8,282 $354,218
2012 -- $40,320 $264 $40,056
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2368676

Bright MLS

APN: 321248300